Carole and Milo Olson Family Foundation
Carole and Milo Olson Family Foundation is a private foundation, based in Wautoma, WI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $281K in total assets. In 2025, it awarded 4 grants totaling $50K. Net investment income was $100K.
Carole and Milo Olson Family Foundation at a glance
In short: Carole and Milo Olson Family Foundation gave $50K across 4 grants in 2025 (avg $13K), top state Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $50,000
- +25.0% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $12,500
- +56.3% vs 2024
- Median grant
- $12,500
- Total assets
- $281,075
- +21.5% vs 2024
- Primary geography
- Wisconsin (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carole and Milo Olson Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Gustavus Adolphus College ($15K). Together the top 4 received $50K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Carole and Milo Olson Family Foundation gives
- Giving grew 138% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $5K (2021) to $50K (2025). In 2025 it made 4 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gustavus Adolphus College Saint Peter, MN | annual operating expenses | $15,000 |
| Luther College Decorah, IA | annual operating expenses | $15,000 |
| Otter Creek Lutheran Church Highland, WI | annual operating expenses | $10,000 |
| Immanuel Lutheran Church Clayton, WI | annual operating expenses | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $281,075 | $101,270 | $51,555 | $50,000 | 4 | $50,000 | $99,715 |
| 2024 | $231,360 | $83,634 | $41,287 | $40,000 | 5 | $40,000 | $82,260 |
| 2023 | $189,013 | $49,854 | $27,300 | $27,000 | 5 | $27,000 | $49,472 |
| 2022 | $166,459 | $22,874 | $23,347 | $21,000 | 5 | $21,000 | $20,444 |
| 2021 | $166,932 | $23,723 | $8,490 | $5,000 | 2 | $5,000 | $23,675 |
| 2020 | $151,699 | $14,173 | $16,047 | $16,000 | 6 | — | $14,173 |
Leadership & Key People
Officers and directors from IRS filings
Carole and Milo Olson Family Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carole Olson
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Erik Olson
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Johanna Olson
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Carole and Milo Olson Family Foundation
How much does Carole and Milo Olson Family Foundation give each year?
Carole and Milo Olson Family Foundation gave $50K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 5 grants.
What is Carole and Milo Olson Family Foundation's typical grant size?
Carole and Milo Olson Family Foundation's median grant in 2025 was $12,500, and its average grant was $12,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Carole and Milo Olson Family Foundation give grants?
Carole and Milo Olson Family Foundation's top state is Wisconsin, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Minnesota (30%) and Iowa (30%).
Does Carole and Milo Olson Family Foundation give general operating support?
Yes: 100% of Carole and Milo Olson Family Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Carole and Milo Olson Family Foundation?
Carole and Milo Olson Family Foundation reported $281K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $101K.
What is Carole and Milo Olson Family Foundation's EIN?
Carole and Milo Olson Family Foundation's EIN (Employer Identification Number) is 39-1933363. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 4, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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